P&G sees Q4 EPS at "high end" of prior range

JulieRannazzisi

Dow stock Procter & Gamble
PG, +0.23%
announced that fiscal fourth-quarter earnings should come in at the "high end" of its previously stated range thanks to solid volume and sales growth as well as improvements in its gross margins. Total sales growth is expected to be in the range of 6 percent to 7 percent. And P&G said core earnings per share are expected to grow about 12 percent -- the high end of its previous outlook and equal to current consensus estimates. Thomson First Call expects the company's fiscal fourth-quarter earnings to come in at 86 cents a share. The stock ended on Wednesday up 0.3 percent to $92.37.

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